A secretive US hedge fund has likely notched a $5 billion gain on Nvidia stock this year as the AI boom rages on
Jennison Associates owned roughly 23 million Nvidia shares at the end of last year and at the end of March this year,
The investment firm's nearly 1% stake in Nvidia ranks it among the company's 10 largest shareholders,among its largest holdings; the position accounted for 3.5% of its roughly $100 billion US stock portfolio at the end of December, and 5.8% at the end of March.
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